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PBS
Feb 20, 2013 5:00pm PST
members urged caution in withdrawing stimulus to the economy prematurely. the fed policy board is expected to examine the effectiveness of its asset purchasing program more closely after its next meeting in march. housing construction is a key indicator of the health of u.s. economy. the number of permits for new construction rose for a third straight month. this suggested recovery in the housing market remains on track. department of commerce officials say housing starts last month came to 890,000 units. that's a decline of 8.5% from december. construction of condos and other multifamily tumbled 26%. the drop was enough to offset a rise. housing permits rose 1.8% from december. that's the highest level since june 2008 before the start of the global financial crisis. let's get a check on tokyo markets. first taking a look at stocks. market sentiment is damaged. the nikkei is trading at 11,423. sources say investors are selling export related issues to take profits after recent gains. moving onto currencies now. the fed minute that hint at scaling back monetary easing has led to dollar buyi
PBS
Feb 20, 2013 7:00pm PST
for the economy following a tough recession. darren gersh, "n.b.r.," washington. >> susie: joe davis joins us now, he's chief economist at vanguard, the giant mutual fund company. >> susie: joe, nice to have you with us on this important day. let me start by asking you, do you think the fed is taking on too much risk? >> i think there is an argument that can be made. we've had a concern for more than a year that there are both costs as well as benefits with respect to very aggressive monetary policy. and just some of the behavior we've seen in the financial markets. i know the report talked about excessive risk-taking. so i've had a concern that those costs associated with monetary policy may not have been given the sort of credence they should have been. so a positive development, in my mind, to today's minutes it was that federal reserve policy-makers were more aggressively talking about both the pros and cons wreaptwith respect to aggressive monetary policy. >> susie: one thing we've been hearing repeatedly from the federal reserve is they're not going to make any change in this policy, raisin
PBS
Feb 15, 2013 6:30pm PST
. finance ministers and central bankers from the world's biggest economies meet to debate spending cuts versus growth. we look at international investing and pockets of strength around the globe. and, hedge fund manager carl icahn ups his stake in herbalife, calling the vitamin maker a legit business. that and more tonight on "n.b.r." investors spent much of this week focused on the u.s. market with major market indexes hitting five-year highs. but now the spotlight is shifting overseas. g-20 finance ministers and central bankers are meeting in moscow over the weekend. they will be debating the need for austerity, versus the need to spur growth. no one expects a quick turnaround for the european economy, which has been mired in recession. but as erika miller reports, that may make now a good time to invest. >> reporter: it would makes sense that american investors would be loading up on u.s. stocks with the market here doing so well. but they're not. last week, investors in stock mutual funds put virtually all their cash in international markets. more than $3 billion went into funds hol
SFGTV2
Feb 18, 2013 7:00pm PST
and seth them to in our economies is the keys key to success and we're making progress. san francisco unified continues to be the hive urban development are high. we've seen double digit high-grades among our latin and africa kids >> results are being recognized for our achievement we received a federal grab the to bring job training in our mission neighborhood. the supervisor knows about this. these gains are possible because reforms are underway the partnership are in place. for our kids to succeed in this economy we must do more. that's why this year i will propose in my budgeted more resources more than $50,000,000,000 and $25 million for preschool activities. i view education as an be investment not an expense. the folk in the road for many kids and many families the point at which they decide they're though stay in san francisco or leave. you're going to hear me talking about this layoff a lot this year. i want our middle squirrels to courthousess choose the road to success notes the road that leads to trouble or and is the one of the 3 san franciscans who went there know we mu
WHUT
Feb 22, 2013 7:00am EST
investments. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan. rethink how you're invested and refocus as your career moves forward. wherever you are today, a fidelity i.r.a. has a wide range of investment choices that can fit your personal economy. fidelity investments, turn ere. >> at union bank, our relationship managers work hard to know your business, offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. hat can we do for you? > and now, bbc world news. >> hello and welcome to "g.m.t." on "bbc world news." i'm stephen sackur. our top stories -- jail or bail. south africa's paralympic star, oscar pistorius, is about to find out whether he'll be in prison before facing trial for murder. after four days of emotional courtroom argument, it's a question which could divide south africans. what is fair treatment for oscar pistorius? italy prepares to vo
FOX News
Feb 22, 2013 10:00am PST
on republicans warning that our economy, jobs, lives, could be in danger, if these scheduled cuts across the board go through. but the latest numbers show if the automatic reductions take place, there will be 85 billion dollars in cuts this year. that's equal to what the government spends in nine days. even if it happens, the government is projected more than last year, so he you see, we're talking about a decrease in the increase in spending and you may be asking yourself how can we survive and live on, with just the paltry amount of spending? well, where would we look for the example? how about last year when we did it just fine? all this leading to questions about how the fallout could be so dramatic. so dire, so awful. when the total federal budget is actually increasing. chris stirewalt is our national digital news editor. how can we do it? where can we find the historical example of the surviving on a budget that's cut in this manner. oh, last year. i mean, what's the answer to that. why are the politicians, you know, chicken littling us? >> well, remember this, if there , if there
MSNBC
Feb 16, 2013 7:00am PST
be quote as necessary to defense as it is to the national economy and the personal safety. as president, eisenhower set out to gather national support complete with a made-for-tv style campaign ad. >> in this century, america has become a nation on wheels. we ride on wheels to work, to shop, to play, to go about any place we want to go. we depend on wheels to bring us the food we eat and the clothes we wear and the things that we use, but when we depend on wheels, we depend also on highways. >> but of course, as all things in washington tend to go, the 34th president struggled with the lack of consensus. governors, democrat and republican, fought eisenhower e on with what they called his plan for the biggest federal aid programs, calling the republican president to task for running away from his staunch opposition to federal encroachment on state sovereignty. it was in fact the democratic senator from virginia, harry byrd, who tried to block eisenhower's plan, and byrd was known as a pay as you go man, and he had a wild hatred for debt. after a lot of coalition building president dwight
CNBC
Feb 20, 2013 1:00pm EST
or j.p. morgan and other billing banks drive our economy off after cliff again, well all pay the price. >> i guess would he argue he is one of the people this who wasn't driving the economy off the cliff at one of the worst moments so maybe he deserves more credit. let me ask you, they have a lead director. you're not satisfied with that? >> no. none of the shareholders are in the board room. and jamie dimon is the chair. he sit at the head of the table, i would think, or whatever the chair sits. he is running that meeting. >> you know, jamie dimon is in charge of the board setting his compensation. >> when you argue with goldman sachs about the issue, they bow to pressure from your organization and put in a lead director and you seem satisfied with that at the time. so why isn't that satisfied by j.p. morgan? >> we were satisfied as an interim measure and we need the large financial institutions that wrecked our economy to do better. >> are you going to continue with j.p. morgan or -- >> there are other share holders who have taken up that mantle this year. >> do you have any empirica
CNN
Feb 16, 2013 10:00am PST
be at hand for the u.s. economy? find out right now on "your money." >>> despite a recession in europe, major mergers in the united states show evidence that business is picking up. america could be on the road to prosperity if not for our politicians standing on the way. i'm ali velshi. this is "your money." there's ap economic storm hovering just off our shores. the headwinds are gathering strength as our elected official once again seem prepared to take the american economy to the brink of destruction. this time over a march 1st deadline for the across-the-board government cuts known as the sequester. >> this is not a game. this is reality. >> i don't like the sequester. it's taking a meat axe to our government. >> these steps would seriously damage the fragile american economy. >> still fragile enough that four years after the recession the u.s. economy actually shrank in the last three months of 2012. the storm clouds were ready to blow away and washington basically called them back. >> i think we're all aware that we have some urgent business to do. >> if not for indecisive, uncompromis
MSNBC
Feb 19, 2013 10:00am EST
the broader economy and the republicans acknowledge that but are not ready to go back to the negotiating table right now. >> ken, i guess the other point here is that, you know, if the sequester happens and, for example, in "the washington times" today, they talked about the ripple effect on defense contractors and the thousands of jobs that they are preparing to have layoffs for because of the threat of sequester. i mean, who gets the blame if the economy starts to tank? >> right. well, congress gets the blame more generally and that is what i think is sort of lost here in the jockeying, the positioning and pointing fingers at both sides. we already see historic negative approval ratings for congress. it's only going to get down to both parties detriment. however, i do think the president, by virtue of having this bully pulpit we will see him exercise later this morning and presumely for the next several days, does have a little bit of the upper hand here. i'm not sure if it's quite so much that he can convince republicans to accept additional tax increases as perry suggested is very unlikely
CNBC
Feb 17, 2013 7:30pm EST
? do you think the economy slows down? >> well, it will slow -- by all estimates, it will slow the economy down somewhat. there are differences among economists as to how much. but it will, of course, be contractionary and therefore it will slow growth, but there are a number of other things that are going on in economy that are pro-growth, so it will have a negative impact but there are other pro-growth elements which can be very helpful. >> it sounds like you're not that worried. >> i am worried because it does cause concern that we can't agree on the kinds of rational policies to deal with our problems and we have to revert to something that no one really wants, but they can't reach an agreement on something positive to avoid this kind of thing. >> well, certainly the good news is that this economy is recovering, slowly but surely, the u.s. economy. >> i think the u.s. economy is recovering. the job is recovering. the energy boom is helpful. the housing market has bottomed out and beginning to pick up. balance sheets, consumer balance sheets, business balance sheets are doin
CNN
Feb 23, 2013 6:30am PST
recovering and the economy adding jobs every month. now relief may have given way to a little bit of worry. here's why. it's starting to feel like a recession again, especially if you're living paycheck to paycheck, gas prices up nearly 50 cents in the past month. the fastest run-up, you're bringing homeless money, thanks to the expiration of the tax cut. you're getting about 60 bucks less every month. rents are rising, up 12 quarters in a row now. unemployment is still too high. if you were counting on an early tax refupd you have had to wait. because of the fiscal cliff fiasco, the irs did not start issuing refund checks until january 30th. a stretched consumer, a consumer who has no choice but to cut back. big companies you work for say this is already happening. this week, walmart, the proxy for the american consumer says february sales were slow. why? it blamed gas prices, the end of the payroll tax holiday and those delayed tax refunds. that's what we know. washington to the rescue? of course not. on friday comes austerity, services will be curtailed, jobs will be lost. europe's expe
CSPAN
Feb 16, 2013 6:20pm EST
that will help create jobs. the steps will help grow the economy and rebuild a rising and thriving middle class. we can do it while shrinking our deficit. begin a have to choose. we just need to make smarter choices. last year both parties work together to reduce the deficit by more than 2.5 trillion dollars. up at a store the goal of 4 trillion dollars to stabilize -- that is helping us reach the goal of $4 trillion to stabilize the deficit. we cannot for senior citizens and working families to bear the burden of deficit reduction while the wealthiest are asked to do nothing more. that will not work. we cannot cut our way to prosperity. i propose a balanced approach to bring down the cost of healthcare and getting rid of tax lee pulls -- tax loopholes. we should pursue bipartisan comprehensive tax reform that encourages job creation and helps bring down the deficit. we know what we need to do. the steps are common sense. it will help grow our economy and strengthen our middle class. in the coming weeks and months, our work will not be easy. but america only moves forward when we do so together
CSPAN
Feb 17, 2013 10:30am EST
and dedication have not yet been rewarded. our economy is adding jobs -- but too many people still can't find full-time employment. corporate profits have rocketed to all-time highs -- but for more than a decade, wages and incomes have barely budged. task,our generation's then, to reignite the true engine of america's economic growth -- a rising, thriving middle class. [laughter] --[applause] it is our unfinished task to restore the basic bargain that built this country -- the idea that if you work hard and meet your responsibilities, you can get ahead, no matter where you come from, what you look like, or who you love. it is our unfinished task to make sure that this government works on behalf of the many, and not just the few, that it encourages free enterprise, rewards individual initiative, and opens the doors of opportunity to every child across this great nation. [applause] the american people don't expect government to solve every problem. they don't expect those of us in this chamber to agree on every issue. but they do expect us to put the nation's interests before party. [applause]
CSPAN
Feb 19, 2013 7:00am EST
in the local economy by my parts. every person who works on my product is going to raise the price of my product. every hand that touches the unit that i sell, a certain percentage of the company buys this products. every time i go to a vendor to get a part, my costs will increase. my competitor build a similar part for almost a third of what i build a mine. you will take away the factory workers who manufacture my parts. this is all usa jobs. lower the price of gas. back to two bucks a gallon and you won't have to worry about the minimum wage. host: how would an economist pre-minimum wage respond to that caller? guest: you are raising the cost of that worker to that business. that worker will have more money to spend. you can make more profits. you can pass the cost to people who are buying your goods by raising prices. raising the minimum wage has an effect on the economy. the question -- if there is a chance it would raise unemployment or perhaps put a business in the red. host: michelle, tacoma, washington. caller: i just realized our state is one of the higher states with minimum w
CSPAN
Feb 23, 2013 10:00am EST
budget and slow the economic growth in our states. as it stands, state economies are slowly recovering and we are returning to the revenues we collected bac in 2008. we believed in flexible federalism. as we continue to work with congress and the administration, governors are committed to a collaboration to maintain and promote a balanced system. we have as congress and the initiation to keep four points in mind. this should produce savings for the federal and state. it cannot be accomplished by shifting costs from the federal government to the states or by imposing unfunded mandates. state should be given increased flexibility. congress should not improve -- impose efforts as this. many of the decisions that affect our health care are made in the states, especially those about health care delivery systems. as the demand for primary care is straining, we face a rapidly aging population. more than 16 million individuals are projected to gain health insurance coverage by 2016. many are looking for innovative ways to revamp how they deliver health care. the department of health and human
FOX Business
Feb 15, 2013 8:00pm EST
and his team realized that they can't get to their spending nirvana without getting this economy growing. and the economy is hobbling along, even if slow runners can across the finish line. neil: we may be back to levels of the market where we were five years ago. but it has been a steady climb back to worst -- excuse me, from the worse. net net, is a good barack obama? >> yes, i am for it. we are all investors. we all want to see this thing improve. i agree with bob that economics is about choices. neil: i do buy your argument about the slowly inching back economy here. not in the gangbuster fashion, but enough to compel money that has been nervous. and sitting on the sidelines come back in. but the way it is being committed is not to expand plans and operations as much as it is to retrench buying out a competitor. you're really not expanding your business but you're really just retention the existing business. you are not heralding the success of what is going on. you could argue it is part of the bunker mentality. explain the mechanics of what is happening. >> i think you're absolutel
PBS
Feb 16, 2013 12:30pm PST
, not bigger. >>> a growing economy that creates good middle class jobs, that must be the north star that guides our efforts. it is our generation's task then to reignite the true engine of american economic growth, a rising thriving middle class. >> president obama delivered his fourth state of the union address tuesday. in attendance were senate and house members, six of the nine justices of the supreme court, the joint chiefs of staff, members of this cabinet and assorted dignitaries. over the course of one hour, the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly o
CNBC
Feb 15, 2013 7:00pm EST
. and it is not in the interest of growing the economy of our country. >> okay. fine. but you know what? it doesn't really matter what they say because the sequester is going through in two weeks. trust me on that. and we have crunched the numbers, and the sequester only cuts 1.2% of the spending for the whole year. that's it. 1.2%. but guess what? cutting the growth of government spending will help this economy, not hurt it. "the kudlow report" begins right now. of. >>> and we have a very special on-set group with us tonight. i am totally surrounded. it is ladies' anytime. we have "time" magazine's ra rana faruhar, reason magazine's kathy mangle ward, katie burk, and hollywood star and town hall columnist morgan brittany. oh, my gosh. i don't know how i'm going to do this. first up, let's get the latest on the sequester scare tactics hysterics. i'm not hysterical, but our own hampton pearson joins us now with all the details. good evening, hampton. >> good evening, larry. all week long the senate appropriations committee among others has been hearing sequestration horror stories from major government agencies.
FOX News
Feb 23, 2013 8:30am PST
spinding. prices go up and the value of people's savings go down and hurts the economy and devastating to poor folks and folks on a fixed income and both pears are guilty of this . goods that cost a thousand buckings cost 13,000 -- $1300 >> wayne, what do you say? >> i agree with him. with the treasury selling an enormous amount of dibit, 70 or 80 percent of the treasury bills and bonds that are sold and brought by the federal reserve. the public doesn't understand that. but that is what is happening. that is inflation that kills us all at some point in time. the problem with food prices, isified . that means both chicken and beef suffer as a result. when a farmer's cost go up, he will pass it on to the consumer and the consumers pays more. >> i see that happen. gary what do you say is that critically important. >> for a family of four every dime counts and when they are sitting at the table, everything matters and looking at the checkbook, john thown is it right. the fed is printing money and we are seeing inflation. i am worried about the hyper inflation. >> and margey, what do you s
PBS
Feb 19, 2013 6:30pm PST
in the british parliament as well. >> the outlook is brightening for europe's biggest economy. investor sentiment in germany has surged to a three-year high. >> the index is one of the most closely watched investor confidence surveys. it pulls germany's top 300 financial analysts and is being taken as another sign that the german economy could rebound quickly from a sharp slowdown at the end of last year. on today's market action. german blue chips rallied tuesday to lock in solid gains for the second day running. all correspondence sent us this summary of the trading session in frankfurt. >> for the first time in weeks, traders had a reason to be happy again. stronger than expected zew investor sentiment was even welcomed with applause. after the heavy growth decline in winter, the data indicate a strong comeback of the german economy, driving up the european markets, but the euro was lagging behind because currency traders are already worried ahead of the election, which will take place on sunday. there was high demand for cars shares despite the record low of overall european car sales in janu
FOX News
Feb 16, 2013 2:00pm EST
the economy, and then when the republicans don't pass them or take them up, he will call them obstructionist, he hopes that they'll have a few fights over a couple of them like the minimum wage that will make them look ununited and ineffectual and then he'll use that to try to show that they cannot lead and take back the house in 2014. >> and james, what struck me was how unapologetic the endorsement of activist government was, this was eons from the bill clinton presidency. this is an unapologetic look, look, government will do the following things for you, suggests to me that he thinks he has the liberal majority in the country? >> yeah, and not having to fun again for reelection, having just won, the pretense is falling apart from cares a lot about debt and deficit reduction, a lot of new programs, a lot of of new spending and i think as we said, 2014, we find out if the congress is going to be able to stop those programs in the last two years of his term. >> i think there's more going on here as well, paul than just the president sort of figuring out how to fight in the political trenche
SFGTV2
Feb 17, 2013 7:30pm PST
in the valley, sacramento, or in d.c., that would strengthen the innovation economy? >> i could go on about immigration and corporate tax policy reform, but i am a researcher, so i will not. >> and we have seven minutes. >> mayor lee said it perfectly. the fundamental thing that companies are looking for is to be engaged in the process. we use a term in computing called agile. we look for more ability and the possibility to work with us, iterate in the process, rather than what we often see as we call the waterfall, take-it-or- leave-it. flexibility and agility is what is most important. >> mayor lee? >> i have always thought of our city as being the gateway to the rest of the world. i have often talked, with companies, i want to be with you when you turn the corner. we want to be the city that treats international markets for your products. i do not know if you know this but we have 70 counsel general offices in san francisco, the highest number outside of washington, d.c. we want to make sure that our companies know we are not just in it for san francisco, the region. we have to tap inter
WETA
Feb 20, 2013 6:00pm EST
. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. and as those things change, fidelity can help you readjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are today, a fidelity ira has a wide range of investment choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now "bbc world news." >> this is bbc world news america. pastorius is back in court, listening to what witnesses had to say the night his girlfriend was shot dead. rebel fighters battle against the assad regime. >> if they take this not only will it be a strategic deterrent but also symbolically. >> silvio berlusconi tries to stage a comeback, but will the scandals of his past keep italian voters from retu
WHUT
Feb 18, 2013 7:00am EST
bank. and fidelity investments. >> your personal economy is made up of the things that matter most, including your career. as those things change, fidelity can help you adjust your retirement plan, rethink how you are invested, and refocus as your career moves forward. wherever you are, a fidelity ira has a wide array of choices that can fit your personal economy. fidelity investments, turn here. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions in the capital to help you meet your growth objectives. we offer expertise and tailored solutions for small businesses and major corporations. what can we do for you? >> and now, "bbc world news." >> hello, everyone. you are watching "bbc news." hopes for a great partnership in the 21st century, david cameron arrived in the hopes for it -- arrived for the beginning of a three day tour. >> britain is one of the largest investors in india. i think the basis for that special relationship is there. >> back in town, hugo chavez announces his plans for the future of the country after cance
FOX Business
Feb 15, 2013 7:00pm EST
now to up tell us where these markets and the economy is headed, well, we will be talking with and welcome to our own rick adonis, senior u.s. economist for deutsche bank security. good to have you here. your year. i mean, we have people walking around with long faces. all parts of the country because they're unemployed. the economy is contracting. and they just don't understand how nice it is to be on wall street. >> well, it is chilly down on wall street. i assure you. but we are seeing some positive signs in the economy. so, yes of the fourth quarter did not look so great. the best top-level gdp number. but when you look beneath the surface we see some important undercurrents. does green shoots cut consumer spending. lou: seeing that come back. >> consumer spending is picking up. the investment which had been contracting. nav is picking up again. the housing market is picking up. but the domestic economy looks decent. it needs time to run until that an employer rate is down, but it increasingly looks like we are building some momentum. lou: you know, i really am. and i
FOX Business
Feb 18, 2013 6:00pm EST
idea. the effects on the economy is clear. the economic recovery is being held back by washington. goldman sachs chief u.s. economist out with a new report, saying that the economy will continue to go well below its potential. most consumers probably weren't aware of the hit to their disposable income until they receive their mid-january paycheck. one republican pollster in a new report rights that we have entered a new phase for the dysfunction and paralysis in washington is having a significant impact on how consumers feel about the overall state of the economy and their personal financial situation. the drop in consumer confidence, he says, is directly related to a lack of competence in our current political leaders. consumer confidence has taken a hit, a big one since post-world war ii history. already there is evidence of a slowdown in consumer spending. reports that wal-mart had its worst start to its month in seven years. the payroll tax hikes may be starting to bite. gas prices are up 51 cents in the last two months. prices are up every single day since the middle of janua
FOX Business
Feb 19, 2013 3:00pm EST
believe the world economy's improving, that's another area to continue to improve from the equity's side as well. liz: do you believe that, ben? do you believe the economy's improving? >> i do. liz: slightly; right? i don't know why -- i'm not putting on a cheer leading skirt -- >> please, please do. >> it's improving if you're a refiner, right about that. liz: leave it to elliot to get off the cheer leading skirt -- >> killing it, killing it. liz: exactly. ignore this world economy, great conversation, thank you so much. our one and only floor, under the weather, hmos like humana and united health with a great deal of exposure to medicare rates. here's why. rates could go down next year based on what's being said by the center for medicare and medicaid services. peter barnes followed the story from washington. isn't that what people want? rates to go down? >> well, not if you're investing in health insurance stocks; right, liz? health insurance companies, and the industry plans to fight back on some proposedded cuts that would hit something called medicare advantage, the popular hmo ver
CNBC
Feb 22, 2013 6:00am EST
about. number one, is it because the economy is better or are they worried about creating an effect. the other thing is, were they trying to make credit so available that they risk ed -- remember they said that yesterday. they were trying to move it out the curve. >> and they were trying to -- >> but then people like santelli would say it they didn't realize what the possible outcome could be. >> ahead of this appearance, i would like to think about the downplays a minute. >> right. and in this latest fed, which is very transparent, a lot of times they've made some moves like this that are talked about and conjectured and all of a sudden they're available to come on. >> i bet he's one of the guys in the room who was making a big stink about where things are headed. >> the other thing that i wonder, given that everybody knows -- >> i think he's been concerned for a while. >> but given that there are minutes and everyone knows there are minutes being taken, i think if you are a hawk in all this, you show up in the meeting and you are as loud and as prod as humanly possible to get your
FOX Business
Feb 22, 2013 1:00pm EST
trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. >> at 20 minutes past the hour, i have your fox news minute. a south african judge has allowed oscar pistorious to go free on $113,000 bail. the track star is charged with the murder of his girlfriend on valentine's day. oscar pistorious says he shot the model accident late thinking she was a intruder in his house. prosecutors say it was premeditated murder. a fire department official says only the flight team was on board the chopper when it went down. it was heading to pick up a patient 70 miles away. cuban president has raised the possibility of retiring, but did not say when he may make that decision. the 82-year-old leader made the comment in savanna. those are your headlines on the fox business network. back to ashley. ashley: all right. thank you very much. shibani: representatives from boeing meeting with the faa today. solutions for the battery fires that have grounded the 7873 minor. peter barnes is in washington. peter: top boeing executives are expected to propose a new design for
CNN
Feb 23, 2013 10:00am PST
. >>> an economy poised to soar is now under attack from its own government. i'm ali velshi. this is "your money." your political leaders are punishing themselves for gross inaction. and they're doing it the only way they know how, by targeting you. four government spending cuts take effect march 1st, what washington has been calling the sequester. it's a stupid name for a stupid thing. >> these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. this is not an abstraction. people will lose their jobs. >> you've heard the big numbers. $1.2 trillion in cults over ten years. $85 billion this year. that's 13% cuts to defense, 9% to everything else. >> we're weeks away from the president's sequester, and the president laid out no plan to eliminate the sequester and the harmful cuts that will come as a result. >> the forced budget cuts were created during the 2011 debt ceiling debacle. they were passed by congress and signed by the white house. worst-case scenario that would be so bad it would force lawmakers t
ABC
Feb 17, 2013 8:00am PST
in this country to strengthen middle class families? that's how our country, our economy is strongest when a thriving, rising middle class is the engine for growth in this country. that's exactly what we want to do. when you look at sequester the impact on middle class families, what's it going to be, teachers in schools, 13,000 schools -- 13,000 teachers are going to be hit, 6,000 schools. if you look at mental health, if you look at food inspections and you've already heard the devastating list of horribles that the pentagon has said are going to be out there. so the question is, on top of all those things that you just talked about is what is the impact on the middle class? so the question the president is asking is why don't we take a step back, let's fix this in a kind of balanced way the president has proposed and the senate democrats have proposed with a reasonable amount of spending cuts and a reasonable amount of revenue raisers so that we can get this thing done and move on to the business of the country. >> but help me understand because we have a budget. this is -- look at exac
FOX Business
Feb 19, 2013 9:20am EST
again and the word recession is back on the table. good morning, everyone. can our economy handle what's happening at the pump? good question. you've seen it every day for more than a month and they've changed the signs at the gas station and prices have gone straight up. today, triple-a says regular costs 3.74 a gallon. we're closing in on a 50 cent gain just this year. four big population states are at or very close to $4 a gallon already. all right, now shall the impact. every penny that gas goes up takes 1.2 billion dollars from consumer spending, like a tax. and it comes on top of other tax increaseses that cut everybody's paycheck and will slow a weak economy and some say brings recession that much closer. watch out. "varney & company" is about to begin. [ male announcer ] at his current pace, bob will retire when he's 153, which would be fine if bob were a vampire. but he's not. ♪ he's an architect with two kids and a mortgage. luckily, he found someone who gave him a fresh perspective on hisortfolio. and with some planning and effort, hopefully bob can retire at a more approp
FOX Business
Feb 21, 2013 9:20am EST
's a measure of the overall economy. wal-mart took in less money. wal-mart sales were down. wal-mart tells the economy's story. what's going on here? well, start with gas prices, up again today, by the way. up nearly 50 cents this year, you can't spend at wal-mart when your gas costs so much more, so suddenly. and then there's taxes up for everyone as of january the 1st. you spend less when your paycheck shrinks, throw in rising unemployment and a president who wants another round of tax hikes and you've got a weak economy. telling me, really? is it all the republicans fault? "varney & company" is about to begin. [ male announcer] surprise -- you're having iplets. [ babies crying ] surprise -- your house was built on an ancient burial ground. [ ghosts moaning ] surprise -- your car needs a new ansmission. [ coyote how ] how about no more surprises? now you can get all the online trading tools you need without any surprise fees. ♪ it's not rocket science. it's just common sense. from td ameritrade. >> all eyes on the market this morning. question, will the selloff continue? remember, two
CSPAN
Feb 17, 2013 9:00pm EST
on products. he also discusses the british economy and the recent european union budget. this is just over 30 minutes. >> number one, mr. speaker. >> the prime minister. >> thank you, mr. spear. this morning i had meetings with minister colleagues and others, ur.addition to buy duties in >> myconstituent, the constable, is beg buried this afternn after having been killed on duty. i'm sure the whole house will join me in expressing sympathy to her family and also acknowledge her dedicated service. >> here, here. >> the horsemeat scandal has not only sears undermined confidence in the safety of the food we eat that threatens every successful meat industry. can the prime minister assure me that this government will relentlessly follow every lead and give each an every guilty person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the uk food industry? >> i fully support what the honorable gentleman has said, but first of all let me join him in praising the constable. she died going about her job,
CSPAN
Feb 18, 2013 12:00am EST
been rated since the inquiry began last month he also discusses the european economy and the budget code. this is just over 30 minutes >> mr. speaker? the horse meat scandal has undermined confidence in the safety of the food we eat, but threatens a very successful wheat industry. can the prime minister assured me that this government will follow every lead until each individual person or business responsible for any criminal or fraudulent act has been caught, exposed, prosecuted, and then expelled from ever again having any part in the u.k. food industry >> i fully support what the honorable gentleman said. let me join me in praising this constable. she kept people sit in the communities that she is head of a. i would join him in sending my deepest condolences along with everybody else to her colleagues and loved ones. on the issue of this appalling situation where people buying beets -- beef products in supermarkets find out that could be coarse meat, but me say this -- but me bring the house up-to- date. on the 15th of january, the irish authorities identified problems in a numbe
PBS
Feb 15, 2013 7:00pm PST
is starting to return. >> reporter: sure, the u.s. economy may be outperforming most other developed nations. but some investment strategists see good opportunities in the weakest parts the world like europe. >> although growth is still negative, we do believe that this year will be that tipping point where growth returns positive. and things are getting progressively just a little less bad. >> reporter: he recommends buying the stocks of big european companies that get much of their revenues outside the region. >> you've got a lot of companies based in these countries which sell to the emerging markets and that growing consumer within the emerging markets. i think you're seeing a lot of >> reporter: but others have a country specific approach. wells fargo advisors has norway as a top pick. >> not only is it a country with relatively low debt and a good credit standing, but it's also a country that's the 15th largest oil exporter in the world. and we think oil prices will continue to edge higher here. >> reporter: but, remember, even if you just buy stocks of big american companies, you like
PBS
Feb 17, 2013 3:30pm PST
the president unveiled proposals to boost the economy, help the middlal class, invest in the nation's aging infrastructure, create more high-tech manufacturing, a big emphasis, expand preschool education, up high school standards and make college more affordable >> nothing i'm proposing tonight should increase our deficit by a single dime. it is not a bigger government we need, but a smarter government that sets priorities and invests in broad-based growth. >> the president also appeals to congress to work together on climate change, immigration reform, and particularly on the phony issue of automatic government budget cuts known as sequestration. >> question. when former president clinton took the helm during an economic downturn, he said he had a quote laser-like focus on the economy. how would you describe the focus of president obama's state of the union pat buchanan? >> he did pivot back toward the jobs and the economy but overall this was a very libbal brail speech, something we have all heard before nothing new in it and a dead on aarrival speech. he is not going to get the m
FOX Business
Feb 18, 2013 11:00pm EST
, and now soaring utility bills. this is spreading to every fascet of u.s. economy we're told that winter has weeks left, growing signs this evening this keeps up the same could be said of the recovery itself. phil, you follow this, what is going on? >> you know we had everything that could go wrong, go wrong. we had refinery issues, hurricane sandy, and refinery fires, this is around the country, on top of that because of fed fed policy, -- federal reserve policy the price of oil has gun up over $10 a barrel in under a month, that is a recipe for sharply rising prices. neil: normally that stuff creeps up in other areas not good. >> i actually am more amount mystic. -- optimistic, fuel costs represent about 4% of pretax income. i think that the consumer has lost that payroll tax credit, they are still spending they are not increasing it but they are maintaining their baseline. other thing that should bring optimism they are increasing level of nonrevolving borrowing, they are setting themselves up to purchase big ticket items, under the stats, give you a sense there is a left of consumer
FOX Business
Feb 20, 2013 5:00pm EST
's what is "money" tonight. it is eight days until the sequester plows into the u.s. economy. who is really facing the most financial pain? how can you make money from it? today's panel cuts through all the washington noise to get you some answers. >>> plus a breakthrough for health care. thousands of self-serve kiosks come to wal-mart and sam's club stores. can free health screenings prove a game-changer for providing care? the founder and ceo of the company behind them joins us. >>> ditch that fancy trip to the caribbean and come get baked in colorado. call jeff sipc oli. it gets green light from colorado regulators. businesses plan to lure tourists and turn colorado into the next amsterdam. will be a hit or the next buzz kill. even when they say it is not it is always about money adam: good evening to you. just eight days and a few hours until the latest government improsed fiscal disaster. eight days until cuts that both sides say they will completely crater the economy take place. and just eight days until budget cuts could tank wall street and the stock market rally which up
FOX Business
Feb 21, 2013 7:00pm EST
the sequestered because it is a wholly unnecessary will run the economy if it were to take place. >> except there were others in the president's party like former democratic national committee chairman howard dean suggesting the president should let the sequester happen to slice the pentagon's budget. telling the huffington post, i am in favor of the sequestered. it is tough on things that i care about a lot, but the fact of the matter is, you are not going to get another chance to cut the defense budget in the way that it needs to be cut. white house officials disagree. as does the outgoing defense secretary leon panetta warned such deep cuts could leave america with as second-rate military. lou: you will remember republicans were furious before the election and the white house was not complying with the warrant act which is a law that basically says employers need to warn employees about upcoming furloughs. the white house pushed back on all of that. now they are releasing those for loan notices. remember, people the 30-60 days in some cases on notices, which means these furloughs will ta
FOX News
Feb 16, 2013 10:00am PST
with iran to discuss its nuclear program and iran's economy has been severely damaged by international sanctions the past several months, but iran remains defiant and israel and other middle eastern countries continue to push for a military strike on iran's nuclear facilities, but kelly, many western and military analysts say a military strike would probably not be completely effective and cut back iran's nuclear am billingses by a few years, kelly. >> connor powell, by the way, how does the world need to react to iran's mixed messages, the former ambassador to the united nations john bolton joins us to weigh in. >> the family of olympic athlete oscar pistorius is speaking out. he's charged with premeditated murder in the shooting death of his girlfriend reeva steenkamp. speaking to reporters today his uncle says that pistorius is numb with shock and grief. >> as you can imagine our entire family is devastated. we are in a state of total shock. reeva, who have got to know well and cared for deeply. after consulting with our legal representatives, we deeply regret the allegations of pre
FOX News
Feb 20, 2013 1:00pm PST
immediately. it would be over time. jay carney insists just the fear out there is hurting the economy and the point is not whether it's march 1 or march 10. >> what happens on march 1? , march 2? when you say -- the president said hundreds of thousands of jobs. there's not going fob hundreds of thousands the first week. >> no, but there will be job losses. >> quantify this, you're scaring the public that this is going to be happen. >> so the you don't see economic firms are scaring the public and the cbo. >> how do you back up that it's urgent and hundreds of thousands of -- >> i would love to rewind to the questions i get the day of the gdp figure came out for the fourth quarter. the questions were alarming. maybe you were trying to scare the public but you asked sensible questions. one of the reasons we got the number we got despite other positive news was because industries, especially in the defense sector, were anticipating the implication of the sequester. >> so speakeron boehner is out with an op-ed that also warns about major deep cuts coming as well. he puts the own news on t
CNBC
Feb 20, 2013 4:00pm EST
, is the economy strong enough, corporations strong enough to stand on their own? fed is not going to pull the plug hon this any time soon, but the noises are out there. it's already spooky the market. once the fed is no longer juicing up this market, is there enough out there that's strong enough to keep it going? >> i really don't think that the fed is going to take any chances with what is so far a very tentative recovery. they know we'll already have quite a bit of fiscal tightening in 2013. we've got the sequestration that's almost certain to take effect, already had some pretty big tax increases. i can't see bernanke and janet yellin taking a risk with a premature taking away of the punch bowl but policy change in the rate overseas. europe and japan are looking much better i think in terms of the change in policy than the u.s., and i think the outperformance that we saw in the last part of last year can take hold again this year. >> yeah. allen gale, are you paid to put money to work, got to put some money to work or even if this market is going to see a correction of some kind. where would y
MSNBC
Feb 15, 2013 7:00pm PST
me if you agree with it. it is not a free lunch, but doesn't slam the economy with a lot of job loss. there may be a little bit of job loss, but not too much. business absorbs the cost, they pass them on to the customers or stockholders in the form of lower profits. so it takes the income in the middle and redistributes it towards the bottom. who knows whether it has a serious chance of passing? but that is a serious chance of passing the inequality. >> and it is kind of a dirty word in american politics. but as i understand the white house's theory at this point in time i think they see the economy has having changed in certain ways, such as a lot of gains are going to keep up with it at the top. and a lot of gains are going to corporate profits. one role for the government to play, that sharing has to come from government policy. they see that as what you need to keep a strong consensus for sort of a pro-growth capitalism. i want to see if you agree with it. >> one of the things i remember talking about in 2008, when very few people knew who austin goolsby, he would say this is a r
MSNBC
Feb 18, 2013 5:00pm PST
' president's day sale on the economy a total bust. tonight the truth on our spending problem. this is "the ed show." let's get to work. >> there you go. good job. >> four years after the stimulus saved us from depression, republicans are dragging us into recession. >> spending is the problem. >> tonight the facts versus republican fantasy on the economy and the sequester. >> we have had a massive cover-up on the part -- >> but a massive cover-up of what? >> john mccain is at it again. >> do you care whether four americans died? >> retired colonel lawrence wilkerson on the blind republican rage over benghazi. >>> the luvgov is hitting the trail again. >> i'm a bottom line kind of guy. it's going to hurt. >> we'll show you his questionable ad. >>> plus, marco rubio disagrees with his own immigration plan because the president likes it. >>> mississippi finally got around to banning slavery this month. >>> and the oscar-nominated movie "silver linings playbook" is shining new light on treating mental illness. director david o. russell joins me tonight for the conversation. good to have you with u
MSNBC
Feb 19, 2013 5:00pm PST
/bowles a serious plan. tonight i'll expose how it's seriously going to kill the economy. liberals, hold your ground. this is "the ed show." let's get to work. >> are you willing to see a bunch of first responders lose their job because you want to protect some special interest tax loophole? >> the president takes his case to the people as the two salesmen for republican austerity are mobbed by protesters. >> pay your share of taxes. >> pay your tax. >> tonight, "time's" michael grunwald, jonathan alter and katrina vanden heuvel on how to dismantle the austerity bomb. >> 10,000 bucks? >>> the godfather of the conservative movement offers romney pocket change to anyone who can save the republican party. i'll show you why it's a lost cause. >>> plus, a virginia pizza shop owner uses a sick promotion to sell pies and push the nra agenda. >>> the beltway press takes their eye off the ball, complaining about bohm and tiger woods. the least popular senator is desperately attacking ashley judd. and david corn, the co-author of "hubris" and co-author of the msnbc documentary tells me what was left out. >> i
LINKTV
Feb 21, 2013 5:30am PST
accusing each other of letting down the country and letting down the economy during the debate in parliament behind me. >> mean while there were confrontations between protesters and demonstrators in greece. demonstrators are demanding a halt to planned spending cuts and tax hikes. one-third of the 11 million people in greece are unemployed. an associate of -- of a singapore businessman expected of being part of a global match fixing scandal has been arrested in italy. the interval investigation, conducted with the health of -- help of fifa, authorities were tipped off by italian officials. >> delegates have been here for the last few days, discussing how endemic the problem of match fixing is a cross football. they have acknowledged max fixing, a multimillion-dollar business, could be killing the game. >> what we saw in the past was just a little. also, international friendly. i heard from the euro whole press conference -- euro pulled -- euro pol press conference that as of now there is no indication that the organization has been infiltrated. >> the secretary general has den
ABC
Feb 18, 2013 11:00pm EST
a gallon. in arlington prices are not nearly that high. >> they should be going down, right? the economy is hurting right now. we cannot afford this. >> a lot of us are frustrated. aaa says the average price for regular stands at $3.74 a gallon. it is a little cheaper in virginia at $3.61. economies. the economists worry along surge in prices could hurt the economy. >> i feel like there is every excuse in the world for gas prices to go up. but one reason for the recent tax hike -- price type might be because of opec. production was cut by about 1 million barrels a day. partly in response to rising oil production and parts of the world, including the united states. >> developments in the investigation on to the carnival cruise ship disaster. the full investigation is expected to take six months. more than 4000 passengers through stranded on that ship for five days in the gulf of mexico after the triumph of power. >> a lawsuit against the university of maryland by the acc appears to be moving forward. a judge has denied a request to have a lawsuit dismissed. it was to force the university
ABC
Feb 19, 2013 11:00pm EST
. sequestration. a plea to congress to get something done before major spending cuts could hurt the economy by the present. -- economy. >> of these cuts are not smart. they are not fair. they will hurt our economy. they will add hundreds of thousands of americans to the unemployment rolls. people will lose their jobs. >> my number gets called first. >> economists say it is more than $1 trillion in cuts that did take a fax, it could result in a 750,000 jobs lost. >> thank you. tonight, why the company says it was the target of a crime. a bigger problem affecting most of us. also -- >> those are the pages of history. we will tell you how they do it. i'i'm lorenzo. i work for 47 different companies. well, technically i work for o. that company, the united states postal service® works for thousands of home businesses. because at usps.com® you can pay, print and have your packages picked up for free. i can even drop off free boxes. i wear a lot of hats. well, technically i wear one. the u.s. postal service® no business too small. >>>> remembering the victims of a recent murder-su
ABC
Feb 20, 2013 6:00pm EST
.5 billion from reduce procurement spending, that is a whopping $13 billion out of the metro area economy. >> it has already crippled the economy in the sense that it has stopped moving. >> even non-government workers are worried. >> it could be bad news. >> and now congress is on break and president obama spent the weekend hanging out with tiger woods. however, there are a lot of people optimistic that the white house and congress will get down to business and come up with an agreement to avert sequestration san. reporting live, abc7 news. >> thank you. stay with abc7 news for complete coverage of the countdown to sequestration. for instant updates, log onto wjla.com and our social network websites on facebook and twitter. we will have much more on abc7 news at eleven o'clock. gordon? >> breaking news in prince george's county. police arrested five people in connection with the murder of a suitland high school student. detectives believe that charles "chuck" walker was gunned down four issues. brad bell has the latest. >> this is a crime that horrified the community. 15-year-old charles
CSPAN
Feb 17, 2013 2:00pm EST
economy on an irreversible, downward path. we will hear about the past consequences of the impending cuts. i do not doubt that they will be painful to bear. if there is a way to mitigate the pain,i'm open to discussion. i believe it is important to emphasize that the sequester of whatever temporary solution we have made is just a precursor to the main event. thank you. >> thank you, senator shelby. we will go to the panel. i am going to explain how this is going to work. we would have begin with omb and wrap up with national security. in the interest of time and efficacy, we will have one panel and be able to ask questions where we can get cross communication going. we will start with you and then secretary donovan and secretary napolitano. we will go to questions and alternating on both sides of the aisle. right off with senator shelby and myself. you are representing omb. their obligations with the presidential responsibility. go ahead and give us the details of omb. i will not introduce everyone. we will keep it going. >> thank you. members of the committee, good morning. i'm here to d
CSPAN
Feb 23, 2013 4:30pm EST
immediately afterwards. this assumption was that the economy would continue to improve or would improve. i think running and losing in 2008 was liberating for him. he found that he could be happy. we kept talking. he wanted to talk about it. we had a busy 2010 client schedule. he finally said, on election day 2010, if you cannot do anything for your client, why don't we meet? ok. we can do that. my partner and i met him. we met him in boston. that was when i got a sense that he was intending to run. >> he was serious? and he made the decision? >> yeah. >> covering the white house, he always viewed mitt romney is the face of the republican party. is that unfair? >> no. after the 2008 election, we were thinking about the future. he asked me who i thought the nominee would be in 20 20. i said, mitt romney. i knew we were heading into an economic maelstrom. i spoke earlier to a group about this opposites theory of presidential races. romney and the business background seem like the kind of person who could emerge from that. on election day, that election sort of altered my thinking. it was cle
FOX Business
Feb 18, 2013 9:20am EST
. stuart: tell me the truth. do you think that president obama really values growth for our economy or redistribution of the wealth? >> i think he's far more in the camp of redistribution than growth. and his central campaign theme he made clear was redistributing wealth and he's done it, kept his promise. >> let me read this for you. the congressman henry waxman demands more executive orders from the president. in a letter to the white house, waxman wants the president to issue new regulations on everything from power plants to oil refineries and even household appliances. henry waxman, a member of congress, he wants the president to go around congress with his voice. >> we have the separation of powers in this country. something that's hugely important. with a waxman is recommending and i recognize just waxman represents to me a liberal, too. and i'm against conservative or moderate as liberal. but the idea of president going around congress to get things done, especially when he gets up in his state of the union and says that the sequester is not his work, but the work of congres
FOX Business
Feb 18, 2013 1:00pm EST
that there is an average wage that is probably twice the national average. they have high leverage in the economy. there is going to be an unintended consequence, unfortunately, if there is not a deal made in 11 days. ashley: would you agree that defense spending needs to be reformed? it may be the wrong way to do it, but it seems to be the only way. >> the suddenness. in the past, abbott there -- in the past, there was a planned slowdown of an amount of what we are facing here. we have already taken a 12% cut for defense contractors and they are looking at another seven-12% again. ashley: how much does this compromise national security? >> well, clearly, one of the ways that will be cut in and unplanned fashion is to stop paying for discretionary things like language interpreters and servicers, as well as, maintenance and operations. that means we will not be able to deploy our forces overseas. whether it be for military purposes or expeditionary purposes for humanitarian aid. ashley: tom, quickly, they are supposed to give 60 day notices. if these cuts go into effect in 11 days, that will not h
Comedy Central
Feb 15, 2013 6:55pm PST
for the ratings agencies, tomorrow they come for the banks, and that's the last thing our economy needs. a gallup poll found that consumer confidence in banks is already at an all-time low. that includes the 1930's, when bankers lowered confidence by occasionally landing on consumers. [laughter] and i believe that an investigation will just make things worse. i don't think the banks are in any financial position to reveal what financial position they're in. [laughter] take wells fargo. their recent annual report said that the bank's value is partly based on, quote, "significant assumptions not observable in the market." [laughter] that means the value of the largest capitalized bank in the united states defies observation. [laughter] the human mind cannot perceive it. we dare not look upon it. [laughter] remember what happened to the accountants who opened lehman brothers' books. [laughter] point is, i believe when it comes to our economy, there are things we just shouldn't know. here to know them at me is financial writer and washington bureau chief of the "new york times," david leonhardt. dave
Comedy Central
Feb 21, 2013 11:00pm PST
universe. there are two economies in this country. there's the economies of all of us and the island, health care economy. we've had a pretty rough time over the last four or fives, six years in our economy. there's a lot of unemployment, a lot of pressure on us. not on that island. everybody just keeps making more money. >> jon: right. >> it's as if they don't exist in the universe and worst of all, the money they are making they are taking from all of us and bankrupting the country and it's bankrupting people. 60% of the personal bankruptcies in this country come from medical bills. >> jon: what is crazy to me is when you begin to tease it apart. when you begin to deconstruct it, it's made of sand. as i'm reading it's 36 pages. as you get higher and higher in the pages you feel like chuck yaeger breaking the sound barrier. i was like oh, my god. by page ten i was like i can't take it anymore. there's something -- you cannot believe this. there's something called the charge master. >> right. >> jon: and the charge master sets the price. so if you want an mri that's $6,000 according
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